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The North America Household Induction Cooktops Market would witness market growth of 5.1% CAGR during the forecast period (2017-2023). The cooktops are preferred by consumers owing to the use of energy efficient method of preparing food. The product is also favorable in terms of safety as compared to traditional stoves. Unlike a gas stove or burner, the induction cooktop does not produce heat on its own, until a pan or any cookware is placed on the top of it, creating precise, instance and manageable heat. Growing adoption of innovative smart kitchen appliances has been contributing to the growth of household induction cooktops market. Automatic operation in household cooking equipment has been a great success in gaining consumers attention all over the world. Market participants have been frequently coming up with innovative products. These high-tech products are becoming popular among the consumers owing to the plenty of benefits they provide. For Instance, BuzzFeed has launched a smart appliance by collaborating with GE. The product named Tasty One Top, an induction cooktop, comes with Bluetooth enabled functions.
Based on Types, the market report segments the market into Free-Standing & PorTABLE Induction Cooktops and Built-In. Based on Sales Channels, the North America Household Induction Cooktops Market is segmented into Offline and Online. Based on Countries, the market report segments the market into US, Mexico, Canada, and Rest of North America. The market research report covers the analysis of key stake holders of the Household Induction Cooktops Market.
Key companies profiled in the report include Whirlpool Corporation, LG Corporation (LG Electronics, Inc.), Panasonic Corporation, Sub-Zero Group, Inc., Haier Group Corporation, Koninklijke Philips N.V., Robert Bosch, Smeg S.P.A., AB Electrolux, and Miele Group.